Brokerage

Thomas Smith – President and CEO *The market is starting to show signs of strengthening “So, what is the state of the market for the art and luxury goods that Sotheby’s sells? In short, the market is starting to show … Continued

Schwab (SCHW) CEO Wallt Bettinger said the company sustained it’s mid single digits asset growth rate “Schwab’s third quarter results reflect the combined power of our strategy and scale – we served more clients than ever while delivering record financial … Continued

Interactive Brokers (IBKR) CEO Thomas Petterfy said they were adequately prepared for the Brexit The big news for the quarter was Brexit. We have begun preparing for the possible outcomes early in the year by adding the event to our … Continued

Interactive Brokers (IBKR) CEO Thomas Petterfly said its most profitable clients are hedge funds and traders “Our most lucrative accounts are hedge funds and proprietary trading groups. Both of these two financially most sophisticated customer types trade and invest for … Continued

Fred Tomczyk We’re still seeing a wait and see attitude from the broader client base “January month-to-date, trades are averaging 579,000 trades per day. While trading is up and the number of clients trading are as up as well, we … Continued

Our clients decreased equity exposure in September and are awaiting direction from markets “So far in October, intraday volatility and the VIX have both come in and our clients have decreased their equity exposure in September per our investment movement … Continued

This post is part of a series of posts called “Company Notes.” These posts contain quotes and exhibits from earnings calls, conference presentations, analyst days and SEC filings. Full transcripts can be found at Seeking Alpha RIAs growing much faster … Continued

This post is part of a series of posts called “Company Notes.” These posts contain quotes and exhibits from earnings calls, conference presentations, analyst days and SEC filings. Full transcripts can be found at Seeking Alpha Run a conservative balance … Continued

This post is part of a series of posts called “Company Notes.” These posts contain quotes and exhibits from earnings calls, conference presentations, analyst days and SEC filings. Full transcripts can be found at Seeking Alpha 650B in client assets … Continued

A digest of some of the top insights that I’ve gathered from this week’s earnings calls. Full notes can be found here. Retail investors making their way back into markets “With less uncertainty in Washington, an improving macroeconomic environment and … Continued